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I was touched by the sensitivity of Mme. Lagarde. You know, that eloquent, chic lady lawyer, ex minister of France and now Managing Director of the International Monetary Fund. With her stylish suits and her serious hairstyle.

During her interview by The Guardian she stated that she thinks about “the little kids from a school in a little village in Niger who get teaching two hours a day, sharing one chair for three of them, and who are very keen to get an education.”

When confronted by the grim reality of Greece, where the national healthcare system and the pension funds are falling apart, threatening to send thousands to an early grave, she said that the little kids in Niger need more help.

Let’s not talk about Greece any more. It has become tedious. Let us talk about Niger instead. Niger is a landlocked, extremely poor African country. Since 2004, it has been plagued by locusts, drought and famine.

Niger has the misfortune of being directly below the Sahara and actually a large part of the famous desert falls within its borders. That is not a good thing for a country which is forced to rely on agriculture and livestock to support its starving population and struggling economy.

Without access to the sea and fishing, which is the only salvation from starvation for many other African countries, Niger is literally at the mercy of the subsaharan tropical climate. One can imagine that there is little mercy to be found there.

Mme. Lagarde’s comment was unfortunate, to say the least. You see, those children in Niger who actually make it to school are the lucky ones. According to the Save the Children organization, Niger has the highest mortality rate in the world for children below the age of 4.

Sophisticared Mme. Lagarde thinks of them all the time. I do too, madam. But I can do nothing for these children. You, however, who support the international financial system and all those who participate in it, what have you done about Niger, which seems to weigh so heavily in your thoughts?  Pretty much what you’ve done about Somalia and so many other poor countries of the so-called “Third World”.

The Third World which is constantly expanding instead of shrinking and is now slowly taking over Europe. Do you think that Bulgaria, which according to the troika is an economy competitive to that of Greece, is in a much better state? Have you considered that Greece with close to 1.5 million unemployed citizens and God-knows-how-many unpaid employees is rapidly heading the same way, thanks to your wonderful bailout plan?

You could say that Greece has not adopted your proposed reforms. And you would be mostly right. Apart from imposing even more taxes on those who cannot evade them, few measures have been applied by our esteemed governments. Yet Niger has adopted the IMF suggestions. The end result was that gas prices were driven through the roof, food prices skyrocketed and now the poor simply cannot afford to buy what food there is.

The civilized West thinks a lot about the Third World. It has dedicated most of that thinking to finding new ways to exploit it and deny it the means to develop properly. As if the millions of slaves which were moved to America and Europe during the 19th century were not enough, or the exploitation of natural resources, mineral wealth and oil, we have now reached the point of stealing even their fish!

Pardon my plural, I must accustom myself to the idea that Greece is no longer a part of the prosperous West, but belongs to the lazy, poor South and the hapless Near East. I forgot that the caring international financial system is doing its level best to turn Greece into a genuine Third World country, so that it can think of us too without feeling guilty in the future.

Besides, those responsible for the starving children in Greece, according to Mme. Lagarde, are their tax evading parents. I wonder, how do the unemployed and the underpaid manage to evade taxation? Those who are responsible for the lion’s share of unpaid taxes are also those whose children will NOT starve, madam. So, they don’t give a damn, nor for the children in Niger, nor for those of their neighbour.

Or perhaps the director of the IMF believes that reduced tax revenue is due to increased tax evasion. Yet even a child can understand that when businesses go bankrupt and unemployment is increasing every day, tax revenue will decrease. Is the former Trade Minister and Economic Affairs Minster of France truly unable to understand this basic fact?

Rather, Mme. Lagarde is unwilling to acknowledge that, becase by doing so she would have to admit that the financial model she is supporting is simply not working. The very same model is letting multinational corporations move their factories to China, where people work for almost nothing under extremely poor and dangerous conditions in order to produce high tech products for the West. Inevitably, this will force the competition to lower wages and working conditions in the rest of the world.

Competition, supposedly the driving force behind the economy, is driving companies who “lose” the game to bankruptcy, takeovers and mergers. The logic of competition is now being applied to countries too. The IMF and the troika tell us that we need to lower our wages to the levels of our competing countries. They neglect to mention, however, what will happen to the countries who “lose” the game.

Because someone has to lose. This is the way of modern economics. So, what will it be? Bankruptcy, takeover or merger?

I think about the little kids everywhere. For they are the losers in a game they never even played.

Intermission #12

We had high hopes about this world when we were little kids ourselves…

Pink Floyd – High Hopes

Beyond the horizon of the place we lived when we were young
In a world of magnets and miracles
Our thoughts strayed constantly and without boundary
The ringing of the division bell had begun

Along the long road and on down to the causeway
Do they still MEET there by the cut

There was a ragged band that followed in our footsteps
Running before time took our dreams away
Leaving the myriad small creatures trying to tie us to the ground
To a life consumed by slow decay

The grass was greener
The light was brighter
With friends surrounded
The nights of wonder

Looking beyond the embers of bridges glowing behind us
To a glimpse of how green it was on the other side
Steps taken forwards but sleepwalking back again
Dragged by the force of some inner tide

At a higher altitude with flag unfurled
We reached the dizzy heights OF that dreamed of world

****

Encumbered forever by desire and ambition
There’s a hunger still unsatisfied
Our weary eyes still stray to the horizon
Though down this road we’ve been so many times

The grass was greener
The light was brighter
The taste was sweeter
The nights of wonder
With friends surrounded
The dawn mist glowing
The water flowing
The endless river

Forever and ever

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